Competitive Exams: Commerce MCQs (Practice-Test 61 of 99)

Consider the following statements The Life Insurance Contracts are contracts of utmost good faith because

only insured knows about his health

only insured knows about his family

insured cannot attempt to make profit out of his health condition

insurer's risk is related to the disclosures made by insured

Which of the statements given above is/are correct?

1, 2 and 3 only

1, 2, 3 and 4

4 only

2, 3 and 4 only

In a contract of insurance, under which of the following principles the insurer, after having paid the loss to the insured, acquires all rights and remedies as the insured would have enjoyed regarding the said loss?

Principle of Subrogation

Principle of Contribution

Principle of Causa Proxima

Principle of Insurable Interest

Which of the following theories offers ways to profile or ~ analyse individuals to identify the needs that motivate their behaviour?

Process theories

Content theories

Reinforcement theories

Adams theory

Which one of the following functions involves conceptualising ~ missions and objectives of the organization and also the actions for achieving them?

Planning

Organizing

Staffing

Directing

Which one of the following is the correct hierarchy of the strategies formulated in organizations?

Corporate strategies-business strategies-functional strategies

Functional strategies-corporate strategies-business strategies.

Business strategies-functional strategies-corporate strategies

Business strategies-corporate strategies-functional strategies

Which one of the following helps in determining long, out of his objectives of an organization, adoption of course of allocation of resources necessary to achieve the goals?

Rules

Policies

Procedures

Strategies

An organization which was earlier operating in highly 51 conditions, is now facing stiff competition in the libera era. For quick response to rapidly changing environn how should the organization change its organizati structure?

From flat structure to tall structure

From tall structure to flat structure

From flat structure to bureaucratic structure

From flexible structure to rigid structure

Which one of the following approches to the organization gives managers a way of looling at the organization as a whole and as a part of the large external environment?

Behavioural science

Contingency

Human relations

Systems.

Consider the following steps with regard to a recruitment process.

Develope a job specification.

Perform job analysis

Design job description.

Attract a pool of applicants

Select the best recruits.

Which one of the following training methods compels trainees to assume different identities